Atalaya Mining (LON:ATYM) Stock Crosses Below 50 Day Moving Average of $433.82

Atalaya Mining Plc (LON:ATYM)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 433.82 ($5.49) and traded as low as GBX 429 ($5.43). Atalaya Mining shares last traded at GBX 436.50 ($5.52), with a volume of 49,843 shares trading hands.

Analyst Ratings Changes

ATYM has been the topic of several recent analyst reports. Berenberg Bank upped their target price on Atalaya Mining from GBX 410 ($5.19) to GBX 480 ($6.07) and gave the company a “hold” rating in a research report on Tuesday, May 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 595 ($7.53) target price on shares of Atalaya Mining in a research report on Friday, June 21st.

Atalaya Mining Stock Down 0.3 %

The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 14.43. The company has a 50-day moving average of GBX 434.09 and a 200-day moving average of GBX 384.05. The company has a market capitalization of £616.92 million, a price-to-earnings ratio of 1,916.30, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

Atalaya Mining Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, August 9th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a yield of 0.71%. Atalaya Mining’s payout ratio is presently 3,043.48%.

Insider Buying and Selling at Atalaya Mining

In other news, insider Jesus Fernandez Lopez purchased 92,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were acquired at an average price of GBX 400 ($5.06) per share, for a total transaction of £370,000 ($467,998.99). Company insiders own 31.54% of the company’s stock.

Atalaya Mining Company Profile

Atalaya Mining Plc, together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold.